Belgium Company Formation

Are you looking into the company formation process in Belgium for the equivalent of a limited liability corporation (LLC)? Here are the steps you will need to follow to successfully incorporate.

Belgium company formation is mandated through the Besloten Vennootschap met Beperkte Aansprakelijkheid (BVBA) in Dutch or Société Privée à Responsabilité Limitée (SPRL) in French. This structure is the Belgian equivalent of a limited liability corporation and also ties the liability of shareholders to the amount of capital invested in the business, with limitations of the transfer of shares.

You will need prior approval for the company name for company formation in Belgium. The process also requires a director who may be from anywhere in the world and may not need to reside in Belgium.

Along with the director(s), you must also submit the names of the shareholders along with their addresses, proof of nationality, date of birth and photo identification. The director can be a corporation, and the company’s director (a natural person) can also be the sole shareholder.

The documents required at formation are:

  • Bank statements or utility bills no more than three months old

  • High school diploma of the director as their qualifications are scrutinised as part of the process

  • Business plan

  • A detailed financial plan that discloses how the company plans to carry out its accounting processes

  • Financial information for the two years before filing including how the company will sustain itself

  • Report on capital investment in the firm

The company is required to have a registered address as well as register its shares. There are limitations to how stock can be sold in the company, and it must deposit capital at the outset of formation, with the required amount varying. You must give the plan to a notary, and an official notice must be published in the Belgium Official Gazette.

Once the deed of incorporation is brought to the Register Office, you must follow the following last steps:

  • Register with the Register of Legal Persons

  • VAT registration with social security where you are provided with an identification number

  • You have three months to register with the Office of Social Security once your entity receives its VAT number

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